Invesco Global Water ETF (PIO) Straddle

Trading a PIO straddle lets you take a pure volatility position on Invesco Global Water ETF without committing to a direction. Invesco Global Water ETF's straddle involves buying (or selling) a call and a put at the same strike and expiration, profiting when the stock moves more (or less) than the combined premium implies. Use our scanner to evaluate PIO straddle pricing in real time and find the moments when expected moves are mispriced.

A long straddle on PIO profits from large moves in either direction and is a classic play into binary events like earnings, product announcements, or macro releases. A short straddle profits when Invesco Global Water ETF stays range-bound and implied volatility contracts. The breakeven points are simple: strike plus total premium on the upside, strike minus total premium on the downside. Comparing the PIO straddle price to historical realized moves helps you judge whether the market is overpaying or underpaying for volatility.

The Invesco Global Water ETF (Fund) is based on the Nasdaq OMX Global Water Index (Index). The Fund generally will invest at least 90% of its total assets in companies listed on a global exchange that create products designed to conserve and purify water for homes, businesses and industries. The Fund and the Index are rebalanced quarterly and reconstituted annually in April.

Earnings, product cycles, macro prints — any time volatility itself is the trade, the PIO straddle is the cleanest expression of that view. Our scanner prices every PIO straddle against historical realized moves, flags expirations where the market is overpaying or underpaying for vol, and ranks setups by breakeven width and IV rank. Whether you're long a PIO straddle into a catalyst or short a PIO straddle to harvest decay, the options straddle setups that matter are all in one place.